IMARC Group, a leading market research company, has recently releases report titled “Linear Motion System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global linear motion system market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the linear motion system market?
The global linear motion system market size reached US$ 10.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.57% during 2023-2028.
What is linear motion system?
Linear motion system comprises modules, linear tables, drive units, motors, actuators, ball screws, and linear slides that enable moving an application in a direction. It is widely available as single-axis and multi-axis and can be motorized and non-motorized depending on the mechanism. It is convenient, compact, easy to install, precise, powerful, and cost-effective as compared to other motion control solutions. It can also be easily adapted and customized to fit specific requirements and has misalignment tolerance. It provides high repeatability and can easily accommodate high weights and move light objects with the same positioning accuracy and no velocity ripple. It offers high acceleration rates, extended travel lengths with good thrust forces, and high speed in harsh environmental conditions. It assists in eliminating the need for elastic components, such as gearboxes and couplings, that cause backlash and error in the motion. Besides this, it aids in increasing production flexibility and improving efficiency while minimizing downtime. As a result, linear motion system is widely employed in the automotive, aerospace, manufacturing, healthcare, food and beverages (F&B), electronics, and semiconductor industries across the globe.
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What are the growth prospects and trends in the linear motion system industry?
At present, the increasing demand for linear motion systems for material handling and pick and place purposes represents one of the key factors strengthening the growth of the market. Besides this, the growing demand for linear motor systems in the healthcare industry in medical imaging, computed tomography (CT), and magnetic resonance imaging (MRI) equipment for accurate and precise results among individuals is offering a positive market outlook.
In addition, the increasing demand for quality inspection and automated processes to decrease time and increase productivity is offering lucrative growth opportunities to industry investors. Apart from this, the rising utilization of digital linear motion for enhanced flexibility and improved configuration is bolstering the growth of the market. Moreover, the rapid emergence of the internet of things (IoT), artificial intelligence (AI), and machine learning (ML) to boost the efficiency of linear motion systems around the world is positively influencing the market.
Additionally, the rising demand for linear motion systems, as they are environment-friendly and do not rely on fuel to perform, is contributing to the growth of the market. Besides this, the increasing concern about reducing carbon footprint in various industries is impelling the market growth. Furthermore, key players are introducing an electric linear actuator for various applications in automated machinery in packaging for smooth motion control, which is supporting the growth of the market.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Single-Axis Linear Motion System
- Multi-Axis Linear Motion System
Breakup by Component:
- Linear Axes
- Actuators and Motors
- Linear Tables
- Linear Guides
- Linear Modules
- Controllers
- Others
Breakup by End Use Industry:
- Automotive
- Electronics and Semiconductor
- Manufacturing
- Aerospace
- Healthcare
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Bosch Rexroth AG (Robert Bosch GmbH), Ewellix AB, HepcoMotion, HIWIN Corporation, Lintech Corporation, Nippon Bearing Co. Ltd., NSK Ltd., Pacific Bearing Company, Rockwell Automation Inc., Schneeberger Group, THK Co. Ltd. and Thomson Industries Inc. (Altra Industrial Motion).
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